Cryptocurrency nonetheless stays a mystical topic for a lot of eager traders in India. Whereas cryptos are slowly gaining recognition from traders and regulators alike, with international locations and main manufacturers adopting it as an official tender, there are nonetheless a sizeable quantity of people that want to put money into crypto, however aren’t in a position to intently monitor breaking and creating information within the sector, which is able to assist them be aware of worth actions, main sell-offs, and bulletins of latest blockchain-based developments.
This dwell information weblog is right here to assist. From main market losses to noteworthy declarations, comply with this dwell weblog to remain up to date with all the most recent happenings on the earth of crypto.
Whereas there are a lot of cryptocurrencies to discover, Bitcoin (BTC) is the most well-liked as it’s the world’s oldest and most valued crypto coin. As of September 15, Bitcoin worth stood at $20,042.63, as per CoinMarketCap information. On the time of writing, the worldwide crypto market cap stood at $986.57 billion, registering a dip of 1.12 p.c within the final 24 hours.
Whereas cryptocurrency is unregulated in India, cryptocurrencies are clubbed beneath digital digital belongings (VDAs). Below the brand new tax regime that went into impact on April 1 this yr, VDAs entice taxation of 30 p.c on features. A TDS of 1 p.c is utilized on prime of that.
Disclaimer: Crypto merchandise and NFTs are unregulated and will be extremely dangerous. There could also be no regulatory recourse for any loss from such transactions. Cryptocurrency isn’t a authorized tender and is topic to market dangers. Readers are suggested to hunt knowledgeable recommendation and browse provide doc(s) together with associated vital literature on the topic rigorously earlier than making any form of funding in any respect. Cryptocurrency market predictions are speculative and any funding made shall be on the sole value and danger of the readers.
